Sectors
China's Pinduoduo invests $200m in electronics retailer Gome
Chinese social e-commerce platform Pinduoduo – which has several VC backers - has invested $200 million in Gome Retail, one of the country's leading household appliance and electronics retailers.
China cancer diagnosis player ChosenMed gets Series B
ChosenMed, a Beijing-based tumor detection company has raised a Series B round of more than RMB100 million ($14 million) led by state-owned Shanghai Lianhe Investment.
Singapore GP launches $500m Japan-Israel tech fund
Singapore private equity firm Chartered Group has teamed up with Israel’s Ministry of Defense to launch a Japan-Israel cross-border technology fund targeting $500 million.
Indian corporate travel booking platform raises $13m
Itilite, a platform that helps Indian corporates manage travel-related expenses, has raised $13 million in a Series B round led by Greenoaks Capital and Vy Capital.
Chinese drug developer Mabworks raises $159m Series C
Beijing Mabworks Biotech has raised a RMB1.13 billion ($159 million) Series C round led by CICC Capital, Lyzz Capital, CITIC Securities Investment, and Huge Capital.
India's NoBroker raises $80 million in Series D funding
Existing investor General Atlantic has joined Tiger Global Management in a Series D funding round for Indian real estate marketplace NoBroker.
Lightspeed leads $20m round for India conversational AI platform
Lightspeed Venture Partners and Lightspeed India Partners have led a $20 million Series B round for Indian conversational artificial intelligence (AI) provider Yellow Messenger.
Warburg Pincus buys 17% stake in China Auto Rental
Warburg Pincus has agreed to acquire a 17.11% stake in Chinese car rental business China Auto Rental (CAR) from Ucar, a chauffeured car service provider. It follows a sharp drop in CAR’s share price following a scandal at Luckin Coffee, which is backed...
Carlyle achieves partial exit in India's Metropolis Healthcare
The Carlyle Group has sold 6.5 million shares of Metropolis Healthcare for INR7.5 billion ($98.7 million) to exit nearly its entire position in the Indian medical diagnostics chain.
Lightspeed completes $4b global fundraising effort
Lightspeed Venture Partners has raised $4 billion across early and growth-stage funds, including $1.5 billion for an opportunity fund that will support breakout companies in global markets such as China, India and Southeast Asia.
Microsoft venture arm leads Series D for India's FarEye
FarEye, an Indian logistics platform, has raised $25 million in a Series D round led by M12, Microsoft's corporate venture arm.
Chinese voice recognition player AISpeech raises $58m
Chinese voice recognition player AISpeech has raised RMB410 million ($58 million) in a Series E round led by CTC Capital.
China Everbright backs smart illumination start-up
China Everbright has joined a RMB200 million ($28 million) Series C round for Yeelight, a Chinese start-up that makes smart lighting products.
Australia's Airwallex gets $160m Series D
The VC divisions of ANZ Bank and Salesforce have led a $160 million Series D round for Australian financial technology company Airwallex.
Indonesia's KoinWorks raises $20m in debt
KoinWorks, an Indonesian financial technology start-up primarily known for P2P lending, has raised $20 million in debt by selling convertible notes to existing investors.
Matrix, CICC back Chinese optical chip pioneer
Lightelligence, a US and China-based manufacturer of optical chips, has raised a $26 million Series A round led by Matrix Partners China and China International Capital Corporation (CICC).
Blackstone-owned Burger King NZ enters receivership
The Burger King New Zealand franchise, which was acquired by The Blackstone Group for NZ$108 million ($86 million) in 2011, has been placed into receivership.
Deal focus: Integral discovers booming cosmetics niche
Now under private equity ownership, T-Garden is credited with pioneering fashion model-led contact lens marketing in Japan - and helping an often-overlooked market creep into the mainstream
India's Capital Float secures $15m funding round
Capital Float, an online lending platform for small and medium-sized enterprises (SMEs) and e-commerce financiers in India, has raised $15 million in funding from existing investors.
Chinese cosmetics player Meishang raises $28m
Meishang, a Chinese cosmetics company with a presence in South Korea and Taiwan as well as in its home market, has raised RMB200 million ($28 million) in funding led by furniture giant from Red Star Macalline.
Tenaya Capital leads Series A round in Indonesia's Kargo
Indonesian logistics platform Kargo Technologies has finalised a IDR504 billion ($31 million) Series A round led by Tenaya Capital, formerly the venture arm of Lehman Brothers.
Japan's Paidy tops up Series C round
Japanese payments start-up Paidy has topped up its Series C round with an additional commitment from Itochu Corporation. It brings the company's total capital raised to date to $281 million.
VIG makes second Korea funeral services acquisition
Korea’s VIG Partners has made the second investment from its fourth fund – which closed at $810 million in January – with an agreement to acquire Preedlife, the country’s leading funeral services provider.
Deal focus: Yuanfudao stakes its claim
Eight years old and yet to turn a profit, Chinese K-12 online education platform Yuanfudao is now valued at $7.8 billion. Investors say they are comfortable playing the long game